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  1. #1
    Join Date
    Sep 2016
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    Default How to Assign a Real Estate Purchase Contract

    If you enter into a real estate purchase agreement in Indiana, and you want to be able to assign the contract to another buyer, must you include the words "and/or assigns" next to your printed name on the signature page of the purchase contract? If you do not, will your contract still be assignable?

  2. #2
    Join Date
    Sep 2005
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    Default Re: How to Assign a Real Estate Purchase Contract

    In order to be certain that there will not be a problem with the assignment, or a delay resulting from assignment, you should include the express language that provides for the assignability of the contract. While the general rule is that the contract will be assignable unless the contract provides otherwise, and I don't see any exceptions in Indiana law to that general rule, clarity can help avoid misunderstandings or problems. Also, some standard real estate contracts prohibit assignment, so unless you carefully review the contract you may find that you are barred from reassigning by a clause that you overlooked.

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